Buy Now, Pay Later (BNPL)

Buy Now, Pay Later is a comprehensive course designed for industry professionals, merchants, financial experts, and consumers eager to understand the burgeoning world of BNPL services. As a financing solution that has revolutionized the retail and e-commerce sectors, BNPL offers both opportunities and challenges that stakeholders must navigate with knowledge and caution.

Merchants will gain insights into the myriad of advantages BNPL services offer, while also dissecting the potential drawbacks that may impact business operations and customer relations. By the end of this course, learners will have the tools to make informed decisions about implementing or using BNPL services, understanding their broader economic impact, and strategizing their position in this fast-evolving financial landscape.

Who Should Enroll?

• eCommerce business owners wanting to expand their payment options to include BNPL.
• Financial managers responsible for the financial aspects of a retail business.
• eCommerce strategists who are looking to integrate modern payment solutions to enhance the customer journey.
• Risk analysts tasked with assessing and mitigating risk, especially those related to financial transactions and customer credit.
• Others who may benefit from this course include compliance officers, marketing professionals in eCommerce, and customer experience managers.

Learning Objectives

• Define Buy Now, Pay Later
• Define the benefits to key stakeholders
• Outline the BNPL process and explain the credit checks and approval processes.
• Identify the technology behind BNPL.
• Identify the advantages and possible drawbacks BNPL offers merchants
• Explain how chargeback process for merchants when utilizing BNPL
• Describe how merchants choose BNPL platforms that works best for them
• Explain how merchants can optimize the checkout experience as a BNPL best practice.
• Describe the best practices for managing risks with BNPL.
• Describe the evolving landscape of BNPL services.
• Identify strategies necessary for long-term planning in the BNPL landscape.

Program Details

• Program Level: Basic
• Program Field of Study: Specialized Knowledge
• Program Delivery Method: QAS Self Study
• CPE Credits: 1.5
• Advanced Preparation and/or Pre-requisites: None

Pricing

USD $150 (plus applicable taxes) | MRC Members receive a 50% discount on all eLearning courses.

Please allow approx. 1.5 hours to complete this course. The course culminates with a comprehensive final assessment to evaluate the user's comprehension of the material. Upon successfully completing the final assessment, participants will be awarded a certificate of completion and CPE credits representing their proficiency in the subject matter. 

CPE credits can be applied toward industry certifications such as the Certified Payments and Fraud Prevention Professional (CPFPP) and the Certified Fraud Examiners (CFE).